By cutting the guaranteed annual bonus and putting more weight on the non-guaranteed special bonus, this will give them more leeway to "manage" the bonus at year end.
FYI, the present CEO of NTUC Income who took over from Mr Tan Kin Lian was from Prudential. Branding should be in the pipeline for sure. How often do you now see NTUC Income setting up roadshows? Do you see them in the past? I thought it would be interesting to see how the present CEO will run a cooperative (owned by policyholders) versus his days at Prudential (owned by shareholders).
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